Back to search
The question

How can $8,000, which has reached the zakat threshold but is insufficient to establish a business, be invested to avoid its zakat diminishing year after year?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

If the bank is Islamic, money can be invested in it. If an Islamic bank is not available, the money can be given to a trustworthy agent for investment, provided that the profit is shared between you according to the agreement.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
99664
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy